ASTRAL RESOURCES NL (AAR)
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AAR

AAR - ASTRAL RESOURCES NL

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.04
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.245

02 Oct
2025

0.010

OPEN

$0.24

4.26%

HIGH

$0.25

4,069,588

LOW

$0.23

TARGET
$0.45 83.7% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
AAR: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 0.2 - 0.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-0.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx6.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-2.3 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-4.34 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.33 %
Return on Assets xxxxxxxxxxxxxxx-4.15 %
Return on Equity xxxxxxxxxxxxxxx-4.34 %
Return on Total Capital xxxxxxxxxxxxxxx-5.54 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx19 M
Price To Book Value xxxxxxxxxxxxxxx2.68

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx9.0 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

11/09/2025

1

Buy, High Risk

$0.45

83.67%

Astral Resources reported assay results from 17 holes at the Theia Deposit at the Mandilla Gold Project, with Shaw and Partners noting strong correlation with the mineral resource model.

Intercepts included 32m at 10.78g/t gold from 50m, supporting the broker's confidence in early production.

Theia underpins around 75% of total production in the prefeasibility study (PFS), which assumes 14 years of mining plus five years of stockpile processing, explain the analysts.

Key inputs include throughput of 2.75mtpa, output of 94koz gold a year, capex of -$250m, and costs (AISC) of -$2,114/oz.

Shaw and Partners' target is unchanged at 45c. Buy, High Risk retained.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.10 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Petra Capital

14/09/2025

1

Buy

$0.35

42.86%

Alongside the infill drilling program at its Mandilla gold project, Astral Resources is moving forward with exploration activities to achieve its definitive feasibility study by mid-2026, Petra Capital notes.

The analyst highlights the Maximus Resources acquisition added resources of 139koz as well as green and brownfield exploration potential.

The current mineral resource estimate for Spargoville global is 3Mt at 1.4g/t of Au for 139koz.

Buy rating and 35c target unchanged.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.40 cents.
Access Extra Coverage Research History >

AAR STOCK CHART

FNArena News on AAR

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